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The following information is available for ADT Company, which produces special-order security products and uses a job order costing system. Overhead is applied using

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The following information is available for ADT Company, which produces special-order security products and uses a job order costing system. Overhead is applied using a predetermined overhead rate of 55% of direct labor cost. Inventories Raw materials Work in process Finished goods Beginning of End of Period period $50,000 $ 37,000 19,100, 33,300 9,300 58,000 Cost incurred for the period Raw materials purchases Factory payroll Factory overhead (actual) Indirect materials used Indirect labor used Other overhead costs $ 178,000 100,000 14,000 23,000 103,000 1. In the Raw Materials inventory T-account, insert amounts for beginning and ending balances along with purchases and indirect materials used. Solve for direct materials used in the period. 2. Compute the cost of direct labor used for the period. 3. In the Work in Process Inventory T-account, insert amounts for beginning and ending balances along with direct materials used (from part 1), direct labor used (from part 2), and applied overhead. Solve for cost of goods manufactured in the period. 4. In the Finished Goods Inventory T-account, insert amounts for beginning and ending balances along with cost of goods manufactured (from part 3). Solve for cost of goods sold in the period (do not consider any under- or overapplied overhead). 5. In the Factory Overhead T-account, insert amounts for indirect materials used, indirect labor used, other overhead costs, and applied overhead. Solve for underapplied or overapplied overhead. (from part t direct labor used from part 2), and applied overhead. Solve for cost of goods manufactured in the period. 4. In the Finished Goods Inventory T-account, insert amounts for beginning and ending belences along with cost of goods manufactured (from part 3) Solve for cost of goods sold in the period (do not consider any under or overapplied overhead) 5. In the Factory Overhead T-account, insert amounts for indirect materials used, indirect labor used, other overhead costs, and applied overhead. Solve for underapplied or overapplied overhead Complete this question by entering your answers in the tabs below. Required 134 and 5 Required 2 1. In the Raw Materials Inventory T-account, insert amounts for beginning and ending balances along with purchases and indirect materials used, Solve for direct materials used in the period. 3. In the Work in Process Inventory T-account, insert amounts for beginning and ending balances along with direct materials used (frem part 1), direct labor used (from part 2), and applied overhead. Salve for cast of goods manufactured in the period. 4. In the Finished Goods Inventory T-account, insert amounts for beginning and ending balances along with cost of goods manufactured (from part 3). Scive for cost of goods sold in under- or overapplied overhead). 5. In the Factory Overhead T-account, insert amounts for indirect materials used, indirect labor usted, other overhead costs, and applied overhead. Salve for underapplied or overapplied overhead Beginning Ending Beginning Ending Raw Materials inventory Finished Goods Inventory Beginning Ending Beginning Ending Begiving Ending Beginning Werk in Process Inventory Factory Overhead Required 2 > 14.000 23.000 103.000 140.000 Begierning Ending Beginning the period (do not consider any the The following information is available for ADT Company, which produces special-order security products and uses a job order costing system. Overhead is applied using a predetermined overhead rate of 55% of direct labor cost. Inventories Raw materials Work in process Finished goods Cost incurred for the period. Raw materials purchases Factory payroll Factory overhead (actual) Beginning of period $ 50,000 9,300 58,000 Indirect materials used Indirect labor used other overhead costs Required 1 3 4 and 5 End of Period $ 37,000 19,100 33,300 1. In the Raw Materials Inventory T-account, insert amounts for beginning and ending balances along with purchases and indirect materials used. Solve for direct materials used in the period. Required 2 $ 178,000 100,000 2. Compute the cost of direct labor used for the period. 3. In the Work in Process Inventory T-account, insert amounts for beginning and ending balances along with direct materials used (from part 1), direct labor used (from part 2), and applied overhead. Solve for cost of goods manufactured in the period. 4. In the Finished Goods Inventory T-account, insert amounts for beginning and ending balances along with cost of goods manufactured (from part 3). Solve for cost of goods sold in the period (do not consider any under- or overapplied overhead). 5. In the Factory Overhead T-account, insert amounts for indirect materials used, indirect labor used, other overhead costs, and applied overhead. Solve for underapplied or overapplied overhead. 14,000 23,000 103,000 Complete this question by entering your answers in the tabs below. Cost of direct labor used: Compute the cost of direct labor used for the period. The cost of direct labor for the period < Required 134 and 5 Required 2 S

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